Bank of America says financial reform to cost billions

Moves to overhaul Wall Street will cost Bank of America billions of dollars, one of the company's leading executives said Friday.As lawmakers sent a massive financial reform bill to President Barack Obama's desk for signature, Bank of America's top financial officer Charles Noski said the impact would be felt across the firm."In the third quarter, legislation will also hurt our value," he told investors on a quarterly earnings conference call.

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Bank of America (BAC) announced today Charles Noski will become its new chief financial officer as of May 11.
Noski was CFO at Northrop Grumman (NOC) until 2005, and also served as CFO at AT&T (T), Hughes Electronics, and United Technologies (UTX).

Bank of America (BAC) announced today Charles Noski will become its new chief financial officer as of May 11.
Noski was CFO at Northrop Grumman (NOC) until 2005, and also served as CFO at AT&T (T), Hughes Electronics, and United Technologies (UTX).

NEW YORK (Reuters) - Bank of America Corp named outsider Charles Noski its next chief financial officer, filling a key position that has been vacant for months, the Charlotte, North Carolina, bank said on Wednesday.

Bank of America has named former Northrop Grumman executive Charles H. Noski as its chief financial officer. The 57-year-old Noski takes over from Joseph Price, who took on the CFO post when Brian Moynihan became Bank of America's CEO in January.

OTTAWA — The cornerstone of the Liberal campaign platform was a pledge to grow the economy and create jobs by putting more cash into the hands of middle-class Canadians through aggressive new tax measures.
But that policy pillar — to be supported by higher tax payments by the country’s biggest wage earners — could be crumbling, less than three months post-election.
That’s because delivering on the promise, intended to be “revenue neutral,” is proving much more costly than envisioned when Justin Trudeau was elected prime minister on Oct. 19.